AT&T Inc. (T) Expected to Post Earnings of $0.85 Per Share

Wall Street brokerages predict that AT&T Inc. (NYSE:T) will announce $0.85 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Fourteen analysts have provided estimates for AT&T’s earnings, with estimates ranging from $0.72 to $0.91. AT&T posted earnings of $0.78 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 9%. The business is expected to announce its next quarterly earnings results before the market opens on Wednesday, January 30th.

According to Zacks, analysts expect that AT&T will report full year earnings of $3.52 per share for the current year, with EPS estimates ranging from $3.44 to $3.57. For the next year, analysts expect that the firm will report earnings of $3.62 per share, with EPS estimates ranging from $3.32 to $3.85. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for AT&T.

AT&T (NYSE:T) last issued its quarterly earnings data on Wednesday, October 24th. The technology company reported $0.90 EPS for the quarter, missing the Zacks’ consensus estimate of $0.94 by ($0.04). The company had revenue of $45.74 billion for the quarter, compared to analyst estimates of $45.73 billion. AT&T had a net margin of 20.40% and a return on equity of 13.61%. The business’s revenue was up 15.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS.

T has been the topic of a number of analyst reports. Bank of America reissued a “buy” rating and set a $37.00 price objective on shares of AT&T in a report on Friday, December 14th. Argus reissued a “buy” rating and set a $48.00 price objective on shares of AT&T in a report on Friday, October 26th. Cowen increased their price objective on AT&T from $34.00 to $36.00 in a report on Sunday, December 9th. JPMorgan Chase & Co. raised AT&T from a “neutral” rating to an “overweight” rating and set a $31.82 price objective on the stock in a report on Sunday, December 9th. Finally, Citigroup raised AT&T from a “neutral” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Tuesday, December 11th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $35.97.

Shares of NYSE T opened at $30.40 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.91. The stock has a market cap of $186.26 billion, a PE ratio of 9.97, a P/E/G ratio of 1.32 and a beta of 0.52. AT&T has a 52 week low of $26.80 and a 52 week high of $39.29.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 1st. Investors of record on Thursday, January 10th will be paid a dividend of $0.51 per share. This is an increase from AT&T’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, January 9th. This represents a $2.04 annualized dividend and a yield of 6.71%. AT&T’s dividend payout ratio is presently 65.57%.

In other news, Director Michael B. Mccallister acquired 4,000 shares of AT&T stock in a transaction on Friday, October 26th. The stock was bought at an average price of $29.14 per share, for a total transaction of $116,560.00. Following the transaction, the director now owns 7,361 shares of the company’s stock, valued at $214,499.54. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in T. Hanson & Doremus Investment Management lifted its position in shares of AT&T by 24.3% during the 2nd quarter. Hanson & Doremus Investment Management now owns 81,694 shares of the technology company’s stock worth $2,623,000 after buying an additional 15,966 shares during the period. Whittier Trust Co. lifted its position in shares of AT&T by 9.5% during the 2nd quarter. Whittier Trust Co. now owns 462,757 shares of the technology company’s stock worth $14,859,000 after buying an additional 40,293 shares during the period. BP PLC lifted its position in shares of AT&T by 30.5% during the 2nd quarter. BP PLC now owns 914,826 shares of the technology company’s stock worth $29,375,000 after buying an additional 213,826 shares during the period. AdvisorNet Financial Inc lifted its position in shares of AT&T by 14.1% during the 2nd quarter. AdvisorNet Financial Inc now owns 50,507 shares of the technology company’s stock worth $1,622,000 after buying an additional 6,247 shares during the period. Finally, Keeler Thomas Management LLC lifted its position in shares of AT&T by 17.0% during the 2nd quarter. Keeler Thomas Management LLC now owns 17,042 shares of the technology company’s stock worth $547,000 after buying an additional 2,479 shares during the period. Institutional investors own 63.41% of the company’s stock.

About AT&T

AT&T Inc provides communications and digital entertainment services. The company operates through four segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment offers wireless services, strategic services, legacy voice, data services, wireless equipment, and other services to multinational companies, governmental and wholesale customers, and individual subscribers.

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